It was not a scam
... says you, in the face of overwhelming evidence in this thread.
Authorities needs to build cases? Cases they do not need to be built: they exist or they do not exist.
Why are you trying to justify authorities having nothing in their hands?!?
A strong case for securities fraud exists with the Paycoin scheme.
Homero Joshua Garza already had a default judgement of $346,746.29 for scamming his power company -
Mississippi Power Company v. GAW Miners, LLCWhere am I "trying to justify" that authorities have nothing on their hands ? Quite the contrary. It's right there in this thread if you read from the beginning.
The Federal legal system moves slowly to build cases. See
Federal Trade Commission v. BF Labs, Inc. et al for example.
The one thing that keeps sticking in my mind, is what if there was never an SEC investigation. It seemed Josh was always quick to threaten people
that the reason he can't do stuff is the SEC are watching. What if he was just using this to scare people when it was never actually an issue? This
could be possible right?
SEC investigation exists because of the number of credit card chargebacks against his failed cloudmining scheme that promised to always be profitable and when it wasn't and no one received their hardware but instead were forced to receive hashpoints in which they could convert for much less. There is also the charity 9/11 rememberme hashlets, false advertising (claiming direct partnerships), withholding customers funds within PayBase, the $20 floor which was guaranteed (which makes it securities fraud) and then evidence of selling directly into the market while simultaneously encouraging people to buy based on false promises (such as Coinstand). Then you can also count the power company case that was defaulted on, the ongoing lawsuit with more than 500 participants, and another dozen or so smaller scams.
You think a thread with 41,700 replies, 1.3 million views, more than 30 additional threads along with several dozen major news articles has not tipped off the authorities in any way whatsoever?